Singapore's highly anticipated Jurong Lake District tender was projected to draw limited interest and low bids, according to industry experts.
Likewise, Tricia Song, CBRE head of Research, Singapore and Southeast Asia, also anticipated a limited response to the JLD project tender due to its scale and risks. She said that the option scheme allows flexible development over eight years post-Phase 1 completion, aligning with market demand. There will be an increased residential space in Phase 1 due to strong demand seen at the J’den launch, said Yip. He also noted Plot 1's strategic location near the future HSR site, suggesting opportunities for service apartments.
Ying added: “Notably, as a master developer of the three plots, the JV will become a dominant player in JLD, and it could help in securing a key advantage in influencing pricing in that area.”